Arab Fund For Economic And Social Development

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 980211642 ✦ Designated as a 501(c)(4)

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Overview

What is Arab Fund For Economic And Social Development?

The Arab Fund for Economic and Social Development is a Kuwait-based nonprofit organization primarily dedicated to financing economic and social development in member states. With a mission to eliminate development constraints and foster economic integration among Arab countries, the organization extends loans for various infrastructure and productive purposes, such as transport, telecommunications, energy and electricity, water and sewage, industry and mining, and agriculture and rural development. Additionally, they provide technical assistance grants and support a fellowship program.


Official website here: www.arabfund.org

What are the reviews and ratings of this charity?

The Arab Fund for Economic and Social Development is currently not rated by Charity Navigator. This lack of rating stems mainly from its status as a non-501(c)(3) IRS registered nonprofit, which disqualifies it from the typical evaluation criteria used by Charity Navigator. Without a rating, no direct positive or negative implications about its operations or impact can be drawn from this platform.

Charity Navigator's assessments typically provide insight into aspects like Accountability & Finance, Impact & Measurement, Leadership & Adaptability, and Culture & Community for nonprofits. However, the Arab Fund does not fall under the charity types that can be analyzed in those categories. The limitations stem from its independence and non-501(c)(3) designation, aligning it outside the standard evaluation process.

While the Arab Fund does operate independently from other organizational groupings, specifics like financial transparency and operational insights remain unavailable due to the lack of submitted IRS Forms 990 typically required for analysis. As GreatNonprofits has no user reviews available, public sentiment through this platform is also unassessed, leaving a gap in peer feedback.


Is Arab Fund For Economic And Social Development legitimate?

Arab Fund For Economic And Social Development is a legitimate nonprofit organization registered as a 501(c)(4) entity. Arab Fund For Economic And Social Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,173,639
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,862,050

For more financial information, click here


Official website here: www.arabfund.org

What is the mission statement of Arab Fund For Economic And Social Development?

The Arab Fund for Economic and Social Development is a renowned organization dedicated to contributing to the economic and social development in Arab states. Its primary objective is to eliminate development constraints and foster economic integration among member countries. The organization strives to increase the absorptive capacity and achieve higher growth rates by providing technical assistance grants and support for various projects. The Arab Fund aims to foster cooperation among member nations, ultimately leading to sustainable development and improved living conditions for their populations.


Official website here: www.arabfund.org

Who is the CEO of Arab Fund For Economic And Social Development?

Mr Bader Ma Al Saad is the Principal Officer of Arab Fund For Economic And Social Development.


Official website here: www.arabfund.org

What is the revenue of Arab Fund For Economic And Social Development?

Arab Fund For Economic And Social Development's revenue in 2022 was $271,203,579.


Official website here: www.arabfund.org

Who are the executives of Arab Fund For Economic And Social Development and what are their salaries?


Here are 26 key members and their salaries:


Bader M A Al Saad (Chairman/Director General)
  • Compensation: $479,114
  • Related: $0
  • Other: $72,826
Khalifa Adau (Financial Advisor)
  • Compensation: $303,374
  • Related: $0
  • Other: $8,383
Abdlrahman Al-Humemedi (Director Of Administration)
  • Compensation: $289,488
  • Related: $0
  • Other: $0
Mohamed Chebil Bedoui (Chief Disbs Loans & Grants)
  • Compensation: $218,036
  • Related: $0
  • Other: $8,739
Mohammad A Al-Qatami (Director Of H.Q. Building)
  • Compensation: $220,007
  • Related: $0
  • Other: -$380
Methqal Mohammad Ali Sartawi (Chairman Consultant)
  • Compensation: $219,445
  • Related: $0
  • Other: $0
Hasb El Rasoul Obeida (Legal Advisor)
  • Compensation: $194,923
  • Related: $0
  • Other: $22,193
Soad Al-Atigi (Legal Advisor/Secretary)
  • Compensation: $211,177
  • Related: $0
  • Other: $0
Mohamed Sabry Farahat (Senior Engineer Consultant)
  • Compensation: $199,400
  • Related: $0
  • Other: $4,072
Mohamed Kowdan Mohamed (Head Of Loan Withdrawls)
  • Compensation: $175,906
  • Related: $0
  • Other: $26,500
Osama Wannas (Engineer Consultant)
  • Compensation: $198,873
  • Related: $0
  • Other: $2,576
Imed Ben Minaouer Liman (Head Studies & Research)
  • Compensation: $190,285
  • Related: $0
  • Other: $8,034
Imad Yousef Abuhuwail (Director Finance Department)
  • Compensation: $162,945
  • Related: $0
  • Other: $35,368
Youssef Abdelaziz Mohieldin (Head Prod.Proj&Social Dev)
  • Compensation: $169,658
  • Related: $0
  • Other: $4,011
Mohammad A A Almershed (Head Of Public Relations)
  • Compensation: $163,500
  • Related: $0
  • Other: $1,876
Khaled Meshari Ahmed Hamadah (Investment Officer)
  • Compensation: $119,118
  • Related: $0
  • Other: $40,340
Basmah Abdullah Bouqammaz (Head Of Alternative Inv. Dept.)
  • Compensation: $118,473
  • Related: $0
  • Other: $22,702
Said Mal Shinnawi (Director Finance Department)
  • Compensation: $58,619
  • Related: $0
  • Other: $4,718
Tareq Mohamed Yousef Ben Khalifa (Director)
  • Compensation: $30,000
  • Related: $0
  • Other: $30,000
Fahad Bin Ibrahim Al Shethri (Rector)
  • Compensation: $42,000
  • Related: $0
  • Other: $0
Muslim Bin Ali Cotton (Director)
  • Compensation: $40,000
  • Related: $0
  • Other: $0
Jamal Khaznaji (Director)
  • Compensation: $40,000
  • Related: $0
  • Other: $0
Majed Ali Omran (Director)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Fouzi Lakjaa (Director)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Ghadeer Hejazi (Director)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Marwan Al Ghanim (Director)
  • Compensation: $30,000
  • Related: $0
  • Other: $0


Official website here: www.arabfund.org

Where can I find the form 990 for Arab Fund For Economic And Social Development?

Arab Fund For Economic And Social Development's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.arabfund.org

Learn more at the official website: www.arabfund.org

Mission Statement of Arab Fund For Economic And Social Development

The Arab Fund for Economic and Social Development is a prominent organization dedicated to contributing to the financing of economic and social development in Arab states. With a primary focus on eliminating development constraints, this body seeks to increase the absorptive capacity and achieve higher rates of growth in its member countries. In doing so, it aims to foster economic integration and cooperation among these nations.

The Arab Fund for Economic and Social Development operates under the mission to support its member countries in their pursuit of sustainable development. It achieves this goal by providing technical assistance grants and supporting a fellowship program. Through these initiatives, the organization assists its members in overcoming economic and social challenges and working towards self-sufficiency. By promoting development and cooperation among its member states, the Arab Fund for Economic and Social Development plays a crucial role in shaping a prosperous and interconnected Arab community.

In summary, the Arab Fund for Economic and Social Development is a leading organization dedicated to advancing economic and social development in Arab states. Through the provision of technical assistance grants and a fellowship program, it helps its member countries eliminate development constraints and fosters economic integration and cooperation. This commitment to sustainable development is essential in creating a thriving and self-sufficient Arab community.

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Impact




October, 2024

The Arab Fund for Economic and Social Development significantly impacts the economic landscape of Arab states by financing vital infrastructure and social development projects. By extending loans specifically targeted at sectors such as transportation, telecommunications, energy, water and sewage, industry, mining, and agriculture, the Fund plays a crucial role in enhancing the quality of life for citizens and bolstering regional economies.

Through its financial support, the Fund helps member countries eliminate development constraints and increase their absorptive capacity, enabling them to achieve higher rates of economic growth. Additionally, the organization fosters collaboration among member countries, promoting economic integration that strengthens regional ties and collective progress.

The Fund also provides technical assistance and grants, which are instrumental in guiding projects from conception through implementation, ensuring that initiatives align with the needs of each nation. Furthermore, its fellowship program supports the development of human capital, empowering individuals with the skills and knowledge needed to contribute effectively to their country's growth.

Overall, the Arab Fund for Economic and Social Development serves as a cornerstone for economic stability and development across the Arab world, facilitating a collaborative approach to shared challenges and opportunities.




This information is meant to be a general summary of Arab Fund For Economic And Social Development. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$271,203,579 (2022)
Expenses
$27,370,110 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $68,050,240
  • Program Service Revenue: $196,763,135
  • Gross Receipts: $271,203,579

Assets and Liabilities:

  • Total Assets: $13,113,822,041
  • Total Liabilities: $230,053,878
  • Net Assets: $12,883,768,163

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INCOME FROM PROGRAM LOANS

Revenue

$196,763,135

Organization Details

Founding Year

1968

Principal Officer

Mr Bader Ma Al Saad

NTEE Category

Code: Q30 - International

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